3-bed · 2,440 sqftOceana - Atlantic, Palm Jumeirah · 12th floor · completed 2010

1102, Oceana - Atlantic

Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1102 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 2.99M2 January 2011
Current rentAED 220K /yr29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1102, Oceana - Atlantic

What is 1102 worth today?

Last sold for AED 2,985,906 in 2011

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29 Aug 2024RentedNew contract
AED 220,000/yr60 months · AED 90 per sqft
20 Nov 2018RentedRenewal
AED 170,000/yr24 months · AED 70 per sqft
20 Nov 2017RentedRenewal
AED 180,000/yr12 months · AED 74 per sqft
20 Nov 2016RentedRenewal
AED 180,000/yr12 months · AED 74 per sqft
20 Nov 2015RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
7 Nov 2012RentedNew contract
AED 220,000/yr12 months · AED 90 per sqft
2 Jan 2011Sold by developerReady
AED 2,985,906AED 1,223 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
3-bed apartment
Size
2,440 sqft
Floor
12th of 14
Parking
B2-2075,2076
Developer
Seven Tides
Completed
2010
Service charge
AED 56,400 /yr
Last sold
AED 2.99M · January 2011

About 1102, Oceana - Atlantic

1102 is a three-bedroom apartment of 2,440 sqft on the 12th floor of Oceana - Atlantic, a 14-storey tower in Palm Jumeirah completed in 2010 by Seven Tides. The developer sold it on 2 January 2011 for AED 2,985,906, or AED 1,223 per sqft, in line with the AED 1,224 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 29 August 2024, is AED 220,000 a year: a gross yield of 7.4% on the 2011 price, before the service charge of about AED 56,400 a year.

Sales and rents for 1102 over time

Sales
Unit 1102, each saleTypical three-bed in Oceana - Atlantic
3M4M5M2010201420182022Typical sale price by year: 2010 AED 2,947,128; 2011 AED 2,585,200; 2013 AED 4,150,000; 2016 AED 4,700,000; 2017 AED 4,300,000; 2024 AED 4,478,597Sold by developer, January 2011: AED 2,985,906 (AED 1,223 per sqft)

1102 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1102, each contractTypical three-bed in Oceana - Atlantic
200K300K2012201620202024Typical rent by year: 2013 AED 250,000; 2014 AED 280,000; 2015 AED 250,500; 2016 AED 255,000; 2017 AED 260,000; 2018 AED 252,500; 2019 AED 234,000; 2020 AED 217,500; 2021 AED 210,000; 2022 AED 237,500; 2023 AED 290,000; 2024 AED 299,250; 2025 AED 300,000; 2026 AED 300,000New contract, November 2012: AED 220,000 a yearNew contract, November 2015: AED 180,000 a yearRenewal, November 2016: AED 180,000 a yearRenewal, November 2017: AED 180,000 a yearRenewal, November 2018: AED 170,000 a yearNew contract, August 2024: AED 220,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Oceana - Atlantic, and where 1102 sits

All 26 3-beds →

1102 last sold in January 2011 at AED 1,223 per sqft, in line with what three-beds in Oceana - Atlantic were fetching at the time (AED 1,224). Over the last 12 months three-beds sold for AED 7,360,000, around AED 3,228 per sqft, and rent for AED 280,000 to 525,000 a year. 1102's AED 220,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Jun 20267,360,000
21 Aug 20255,800,000
6 Mar 20256,950,000
23 Sep 20245,750,000
1 3-bed sale in the last 12 months

Oceana - Atlantic

Building

92 apartments, 1-bed to 4-bed over 14 floors in Palm Jumeirah, completed in 2010 by Seven Tides. 2 sold in the last 12 months.

Typical price per sqft
AED 3,216
Typical sale
AED 6.42M
Typical rent
AED 235K /yr
Typical yield
4.2%
Oceana - Atlantic, Palm Jumeirah: prices, sales and rents →

Other units on the 12th floor

All 92 units in Oceana - Atlantic
Value
11012-bedAED 3.55M · Jun 2013
11031-bedAED 1.97M · Jul 2012
11041-bedAED 1.88M · Mar 2021
11053-bedAED 5.85M · Aug 2023
11062-bedAED 3.15M · Nov 2012

1102, Oceana - Atlantic in numbers

  • Sold once: by Seven Tides on 2 January 2011 for AED 2,985,906, or AED 1,223 per sqft.
  • Rented since November 2012 on 6 Ejari contracts. The rent fell from AED 220,000 to AED 170,000 in 2018 and recovered to AED 220,000 by August 2024.
  • At AED 220,000 a year the gross yield on the 2011 price is 7.4%, before a service charge of about AED 56,400 a year (AED 23.10 per sqft).
  • Three-beds in Oceana - Atlantic sold for AED 7,360,000–7,360,000 in the 12 months to November 2026; the building's median across all types is AED 3,216 per sqft.

Source: Dubai Land Department. Updated 29 August 2024.

Questions about 1102, Oceana - Atlantic

What did unit 1102 last sell for?

AED 2,985,906 on 2 January 2011, sold by the developer: AED 1,223 per sqft for 2,440 sqft. It is the only registered sale of the unit.

What is the rent for unit 1102?

AED 220,000 a year on the contract signed on 29 August 2024. The previous contract, from November 2018, was AED 170,000; the unit has been rented since November 2012.

How big is unit 1102?

2,440 sqft (226.7 sqm): a three-bedroom apartment on the 12th floor of a 14-storey tower completed in 2010.

What is unit 1102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Oceana - Atlantic sold for AED 7,360,000 to 7,360,000 in the last 12 months, around AED 3,228 per sqft.

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Mortgage on 1102, Oceana - Atlantic

Starts from the last sale price (AED 2.99M, 2 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,985,906
Deposit, UAE resident (20%)
AED 597,181
Deposit, non-resident (40%)
AED 1,194,362
Monthly over 25 years at 3.7%
AED 12,216

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →